Financial Information
Ex-Im Bank Guarantees US PV Exports to MX Solar Project
29 January 2013POSTED IN Business News
In a recently approved transaction, Export-Import Bank of the United States (Ex-Im Bank) will guarantee a US $780,000, 10-year loan to be made by UPS Capital Business Credit to finance the export of photovoltaic solar modules from Suniva, based in Norcross, Georgia (US), to a rooftop solar-power project of Grupo Metal Intra (GMI), a prefabricated-building company in Mexico.
New Investment in Solar Power in India
29 January 2013POSTED IN Business News
After hydro and thermal power, THDC India Ltd, a joint venture of the Government of India and the Government of Uttar Pradesh, is diversifying into solar energy business by investing Rs 800 crore in Uttar Pradesh.
Exclusive Interview: The Fronius solar vision
23 January 2013POSTED IN Business Features
Fronius GmbH is an Austrian company with three divisions, namely solar electronics, welding technology, and battery charging systems. Its solar activities concentrate on inverters for residential and smaller commercial PV applications. Solar Novus Today Senior Editor Andreas Breyer spoke with Martin Hackl, Solar Electronics Division Manager about the companies’ strategy, new products and the future of fuel cell technology.
Consortium to Address Financing for US Solar Projects
21 January 2013POSTED IN Business News
The TruSolar Working Group was established as a collaborative consortium of 16 market leaders in the solar industry dedicated to addressing a broad array of project risks through the development of uniform standards that will facilitate lower transaction and capital costs, and improve project finance liquidity within the commercial and industrial solar segment.
PV Module Shipments Surge in 2012 Q4
15 January 2013POSTED IN Business News
After a disastrous third quarter of 2012 featuring extremely low factory utilization rates across the entire photovoltaic supply chain, the market saw a surge in demand in the final quarter of the year for PV modules.
A new PV module shipment record of 11GW was reached in the fourth quarter, according to the IHS Solar Integrated Market Tracker.
Solar PV Market ‘$3.04bn in US by 2016’
15 January 2013POSTED IN Business News
Solar photovoltaic will hold its spot as the fastest growing technology in the US energy industry for the next four years, according to analysis from Frost & Sullivan.
Suntech Regains NYSE Compliance
14 January 2013POSTED IN Business News
Suntech Power Holdings today announced that it has regained compliance with the New York Stock Exchange’s (NYSE) quantitative continued listing requirements.
Creditors to Vote Centrotherm Photovoltaics Restructuring Plan
10 January 2013POSTED IN Business News
A county court in Ulm, Germany has set 29 January as the date for discussing and voting on Centrotherm Photovoltaics’ insolvency plan.
The plan is now available for viewing for the parties involved in the proceedings.
Polysilicon Industry to Resume Growth in 2013, Report Says
09 January 2013POSTED IN Business News
The global polysilicon industry will return to the path of growth and increase its production by 6.5% in 2013, according to an analysis by Bernreuter Research.
The polysilicon market research firm projects the global polysilicon net demand, including that of the semiconductor industry, but excluding the consumption of inventories, will amount to approximately 250,000 metric tons (MT) this year.
Thermal Energy Storage Market to ‘Reach $3.6 Billion Worldwide by 2020’
09 January 2013POSTED IN Business News
Total revenue from worldwide sales of thermal energy storage (TES) will grow steadily over the remainder of this decade, reaching US $3.6 billion by 2020, according to a report from Pike Research.
Solar VC Funding ‘Down 50% in 2012’
08 January 2013POSTED IN Business News
Global venture capital investments plunged nearly 50% to US $992 million in 103 deals in 2012 compared to $1.9 billion raised in 108 deals in the previous year, according to a report by Mercom Capital Group.
The 2012 total represents the lowest amount since 2007.
The Branford Group Schedules Konarka Asset Auctions
07 January 2013POSTED IN Business News
The Branford Group, in conjunction with Joseph Finn Company, today announced it will conduct a series of auctions for the assets formerly of Konarka Technologies, an OPV (organic photovoltaic) technology and thin-film plastic solar panel developer.
Mosaic Announces ‘Crowdfunding’ Solar Projects
07 January 2013POSTED IN Business News
Mosaic, an online marketplace that connects investors to solar projects, has begun offering investments to residents of California and New York as well as accredited investors from around the US.
The company says through crowdfunding, or pooling small investments online, the American public will be able to invest directly into clean energy projects and receive a solid return.
Abengoa Announces American Subsidiary
04 January 2013POSTED IN Business News
Abengoa today announced the creation of its new American subsidiary, Abengoa US, which will be responsible for all its businesses in the country.
Hanwha SolarOne Secures RMB 3.0 Billion Credit from Bank of Beijing
27 December 2012POSTED IN Business News
Hanwha SolarOne Co., Ltd. , a manufacturer of silicon ingots, wafers and photovoltaic cells and modules in China, today announced it has reached an agreement with the Bank of Beijing for access to up to RMB 3.0 Billion (approximately $475 million US) of credit over the next twelve-month period. Drawdown of specific amount is subject to approval procedures of the Bank of Beijing, including review of specific project information, as applicable.
SMA Acquires Majority Shareholding in Zeversolar
21 December 2012POSTED IN Business News
Germany’s SMA Solar Technology has signed a deal in Shanghai to acquire a majority stake of 72.5% in Jiangsu Zeversolar New Energy, a Chinese inverter manufacturer.
Photon Files for Insolvency
19 December 2012POSTED IN Business News
Photon Europe has applied for insolvency with Germany’s Aachen District Court, and a judge has opened insolvency proceedings for the company’s assets.
The company, which owns magazines Photon, Photon International and Photon Profi, is based in Aachen.
German Solar Industry Cuts Manufacturing Jobs
17 December 2012POSTED IN Business News
Sunways says it will cut its current workforce by up to 40%, and PV Crystalox Solar will close its polysilicon production facility in Bitterfeld, Germany and “reduce substantially” production at its UK ingot and German wafer operations as the German PV solar industry continues to slow.
Northern States Metals Buys Opel Solar's Tracker Business for US $1M
17 December 2012POSTED IN Business News
Northern States Metals has bought Opel Technologies' non-cash assets used in connection with the company’s single axis solar power tracker business for US $1 million, the companies have announced.
EcoSolargy Secures US $150 Million
13 December 2012POSTED IN Business News
EcoSolargy has announced that it has secured US $150 million through private equity investors for its 2013 financing program.
Spearheaded by the company’s utility project development division, the program aims to finance utility-scale solar projects in all stages of development.
